Economy Comparing measures of private rental growth in the UK: Quarter 1 (Jan to Mar) 2017 This article compares growth in the Index of Private Housing Rental Prices to other measures of private rental growth. UK house price index: Feb 2017 Average house prices in the UK have increased by 5.8% in the year to February 2017 (up from 5.3% in the year to January 2017). However, this still remains below the average annual house price growth seen in 2016 of 7.3%. The average UK house price was £218,000 in February 2017. This is £12,000 higher than in February 2016 and £2,000 higher than last month. Index of private housing rental prices (IPHRP) in Great Britain: Mar 2017 Private rental prices paid by tenants in Great Britain rose by 2.0% in the 12 months to March 2017; this is down from 2.1% in February 2017. In England, private rental prices grew by 2.1%, Wales saw growth of 0.7% while Scotland saw rental prices decrease (negative 0.1%) in the 12 months to March 2017. London private rental prices grew by 1.6% in the 12 months to March 2017, which is 0.4 percentage points below the Great Britain 12-month growth rate. UK producer price inflation: Mar 2017 The annual rate of producer price inflation fell back slightly in March 2017. Factory gate prices (output prices) rose 3.6% on the year to March 2017, from 3.7% in February 2017, which is the ninth consecutive period of annual price growth. Prices for materials and fuels which are paid by UK manufacturers for processing (input prices) rose 17.9% on the year, which is a slight decrease from February 2017; this is the ninth consecutive period of annual price growth. Prices economic commentary: Apr 2017 Additional economic analysis of the latest CPIH, PPI, HPI and IPHRP statistics and long-term trends. UK consumer price inflation: Mar 2017 The Consumer Prices Index including owner occupiers' housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in March 2017, unchanged from February. The rate has been steadily increasing following a period of relatively low inflation in 2015. Rising prices for food, alcohol and tobacco, clothing and footwear, miscellaneous goods and services were the main upward contributors to change in the rate. Commenting on today's prices data, ONS Deputy National Statistician Jonathan Athow said: |
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